GodricR282039 GodricR282039

25-10-2022
Mathematics

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#12 Suppose Bob is a 9th grade student. Bob's Mom plans to buy him a VA529 education bondof $50,000 education bond for his college education. If the discount rate is 6%, compounded semi-annually, what price should Bob's Mom pay now (current price)? (Hint: there are 4 years from 9thgrade to college.)

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